The Bank of England base rate is the biggest lever on UK borrowing costs.
Fixed-rate mortgages
On a fix, your payment does not change when the base rate moves.
Tracker and variable
A tracker follows the base rate plus a margin, so payments rise and fall.
Speak to a qualified adviser about what suits you.
Your home may be repossessed if you do not keep up repayments on your mortgage. This article is general information, not personal advice. Speak to a qualified adviser about your circumstances.